# PPP loan: SPRINGS AUTOMOTIVE GROUP
> **$903K** approved 04/07/2020 · Paid in Full · Loan `6718527004`
## Borrower
- **Name:** SPRINGS AUTOMOTIVE GROUP
- **Address:** 3499 PLATTE AVE, COLORADO SPRINGS, CO, 80909-6416
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $903K
- **Initial approval:** $903K
- **Forgiven:** $912K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $677K
- **Mortgage interest:** $113K
- **Utilities:** $113K
- **Jobs reported:** 73
## Lender
- **Originating:** American Bank of Commerce
- **Servicing:** American Bank of Commerce (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*